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Another good week for EUR/USD as the RSI filtered a lot of fakeouts. Signal #3 was particularly helpful as it offset the losses from signal #5.
|1||Sell||1.3727||1.3727||0||RSI was already below 50|
|2||Buy||1.3736||1.3736||0||RSI was already above 50|
|4||Buy||1.3682||1.3682||0||RSI was already above 50|
|6||Buy||1.3715||1.3715||0||RSI was already above 50|
The RSI filter wasn’t as helpful to GBP/USD as in EUR/USD. Although it filtered a lot of bad signals, it also invalidated a couple of good ones. For example, signals #5 and #13 would have significantly minimized the pair’s losses had they been valid.
|2||Sell||1.6629||1.6629||0||RSI was already below 50|
|4||Sell||1.6621||1.6621||0||RSI was already below 50|
|5||Buy||1.6650||1.6650||0||RSI was already above 50|
|6||Sell||1.6667||1.6667||0||RSI was already below 50|
|7||Buy||1.6685||1.6685||0||RSI was already below 50|
|10||Sell||1.6678||1.6678||0||RSI was already below 50|
|11||Buy||1.6672||1.6672||0||RSI was already above 50|
I hope this system sees a better week next week!